Total Investment Management Inc. Sells 58 Shares of McDonald’s Co. (NYSE:MCD)

Total Investment Management Inc. reduced its stake in McDonald’s Co. (NYSE:MCD) by 4.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,158 shares of the fast-food giant’s stock after selling 58 shares during the quarter. Total Investment Management Inc.’s holdings in McDonald’s were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Gilbert & Cook Inc. increased its holdings in shares of McDonald’s by 20.7% during the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock worth $1,300,000 after buying an additional 753 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in McDonald’s by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 240 shares in the last quarter. 9258 Wealth Management LLC raised its position in McDonald’s by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock valued at $829,000 after purchasing an additional 113 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in McDonald’s by 99.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after purchasing an additional 2,935 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of McDonald’s by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,639,020 shares of the fast-food giant’s stock worth $485,981,000 after purchasing an additional 6,875 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now directly owns 12,583 shares in the company, valued at $3,632,712.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the sale, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,291 shares of company stock worth $1,689,073. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group cut their price target on McDonald’s from $320.00 to $310.00 and set a “buy” rating for the company in a report on Monday, July 29th. Tigress Financial upped their target price on shares of McDonald’s from $355.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 price target for the company. Guggenheim upped their price objective on McDonald’s from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on McDonald’s from $295.00 to $290.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $303.67.

McDonald’s Price Performance

NYSE MCD opened at $289.51 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The firm has a market cap of $207.68 billion, a P/E ratio of 24.58, a P/E/G ratio of 3.87 and a beta of 0.72. The stock’s 50-day moving average is $268.64 and its 200-day moving average is $270.60.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $3.17 earnings per share. Equities analysts anticipate that McDonald’s Co. will post 11.67 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, September 3rd. McDonald’s’s payout ratio is presently 56.71%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.